IT officials raid on Asian Cinemas

Income Tax department officials have carried out raids on Asian Cinemas, a popular multiplex and distribution company. The officials have also search at the owners’ residence -Narayandas Kishandas, Narang Bharat, and two others.

It is learnt that the raids have been conducted in a tip-off basing that unauthorised transactions have bee done. While the investigation is underway further details are awaited. Notably, the popular multiples have in association with Mahesh Babu has built the AMB mall. Interestingly, Asian Cinemas is banking Sekhar Kammula project with Naga Chaitanya as the hero.